Friday, July 31, 2009

Asyst Sells Off Three Business Lines

Fremont-bsaed Asyst Technologies has sold off three business lines, as part of its Chapter Chapter 11 bankruptcy. According to Asyst, it has sold off its Fab Automation assets, its Connectivity Software assets, and its automated materials handling business in three separate asset purchase agreements. The firm said it sold its Fab Automation assets to Crossing Automation, Inc; its Connectivity Software to The PEER Group Inc.; and its Automated Material Handling assets to Murata Machinery, Ltd. Financial terms of all of the sales were not disclosed, and all of the sales are subject to court approval.